Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

This Metric Says You Are Smart to Buy McGrath RentCorp (MGRC)

Page 1 of 2

McGrath RentCorp (NASDAQ:MGRC) has experienced an increase in support from the world’s most elite money managers of late.

In the 21st century investor’s toolkit, there are plenty of gauges market participants can use to analyze their holdings. A duo of the most innovative are hedge fund and insider trading sentiment. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the best fund managers can beat the market by a significant amount (see just how much).

Chuck Royce

Equally as key, bullish insider trading sentiment is another way to parse down the marketplace. Just as you’d expect, there are a number of motivations for a bullish insider to sell shares of his or her company, but only one, very simple reason why they would behave bullishly. Several empirical studies have demonstrated the impressive potential of this strategy if investors understand what to do (learn more here).

Now, it’s important to take a glance at the recent action regarding McGrath RentCorp (NASDAQ:MGRC).

How are hedge funds trading McGrath RentCorp (NASDAQ:MGRC)?

In preparation for this quarter, a total of 6 of the hedge funds we track held long positions in this stock, a change of 20% from the previous quarter. With the smart money’s capital changing hands, there exists a select group of notable hedge fund managers who were increasing their holdings considerably.

Of the funds we track, Chuck Royce’s Royce & Associates had the biggest position in McGrath RentCorp (NASDAQ:MGRC), worth close to $9.1 million, comprising less than 0.1%% of its total 13F portfolio. Coming in second is David Dreman of Dreman Value Management, with a $5 million position; 0.1% of its 13F portfolio is allocated to the stock. Remaining hedgies that are bullish include Mario Gabelli’s GAMCO Investors, John Overdeck and David Siegel’s Two Sigma Advisors and Cliff Asness’s AQR Capital Management.

Now, some big names were leading the bulls’ herd. D E Shaw, managed by D. E. Shaw, established the biggest position in McGrath RentCorp (NASDAQ:MGRC). D E Shaw had 0.2 million invested in the company at the end of the quarter.

What do corporate executives and insiders think about McGrath RentCorp (NASDAQ:MGRC)?

Insider trading activity, especially when it’s bullish, is at its handiest when the company in question has seen transactions within the past half-year. Over the latest half-year time frame, McGrath RentCorp (NASDAQ:MGRC) has experienced zero unique insiders buying, and 12 insider sales (see the details of insider trades here).

Let’s check out hedge fund and insider activity in other stocks similar to McGrath RentCorp (NASDAQ:MGRC). These stocks are Electro Rent Corporation (NASDAQ:ELRC), Fly Leasing Ltd(ADR) (NYSE:FLY), seacube container leasing ltd (NYSE:BOX), CAI International Inc (NYSE:CAP), and Aircastle Limited (NYSE:AYR). All of these stocks are in the rental & leasing services industry and their market caps resemble MGRC’s market cap.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!